New York

The fundamentals driving the commercial real estate industry remain positive in many of the top metropolitan markets across the country, including Chicago. We are seeing strong job growth, population growth, and a ramping up of some of corporate America's top companies.

RE/MAX, a global real estate company, is expanding to New York City, opening its first Manhattan office at 1412 Broadway in Times Square.

The Boston-based firm received the latest round of funding from existing investors Wavecrest Growth Partners, River Cities Capital Funds, MassMutual Ventures and Camber Creek Ventures. The same investment group, led by Wavecrest Growth Partners, provided Building Engines $26.5 million in 2016.

"The demand for retail investments in Jacksonville is very strong," says JLL's Brad Peterson.

Also part of the 1031 exchange are the soon to-be-completed sales of the Chase at Overlook Ridge and the Alterra at Overlook Ridge in Boston.

Hunt Real Estate Capital provided the Fannie Mae financing for the property at 2550 Citrus Tower Blvd.